Sony Pictures signs deal with Redbox
Culver City, Calif. Sony Corp.'s movie studio said late Monday it has signed a multiyear deal to distribute DVDs through Redbox rental kiosks.
The agreement includes new releases, direct-to-video and catalog films from Sony Pictures Home Entertainment.
Redbox, which rents DVDs from vending machines for $1 per night, is seen as a rising competitor for Netflix.
Sony did not release any financial details.